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10/18, 12:29 PM (Source: TeleTrader)
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Renault-0.48%

24.770
Chart for: RENAULT

Renault to reveal 8-year plan to combat crisis - CEO

Renault SA will soon reveal its eight-year plan that will focus on combating the crisis in the company's operations amid the coronavirus pandemic, its Chief Executive Officer (CEO) Luca de Meo told El Pais in an interview published on Sunday.

"The next two years will be tough, we have an eight-year plan that we will announce in January, and we can turn it all around. It will be a lot of work, mine, and the team's," he stated but did not unveil any additional details.

Back in July, Renault reported its sales in the first half of the year plunged 35% as a result of the crisis.

Breaking the News / JR